Pocono vacation rental

[Matthew Liew]

Hello everyone! Im new to biggerpockets. Me & my wife interested investing a vacation rental property in the Poconos area. We live in NYC , so we will need people to led us to a good path buying the right place. We been searching area like tannerville, stroudsburg,east stroudsburg,tobyhanna( heard this area lot of gang related crime). Any info you can provide would be very appreciated. Thank you

[Doug Owens]

@Matthew Liew

We have a property that we purchased in the Poconos about 2 years ago. It has done well. There are a lot of fixer uppers there. We typically short term rent with AirBNB, but We currently have tenants that have lived in our place for 6 months and will leave at the end of October. We just went back in AirBnB last week and already have 4 bookings.

In spite of what most on this forum say, we completely paid off the house using income and any bonuses that we received.

What the leverage group will say is that you can scale with leverage. While this is true, you will have a lot more work.

We can Cashflow $1000 per month and manage only 1 house. The leveraged investors may only make $200 per house after paying their loan and now they have to manage 5 properties to get that much Cashflow.

If you need mir tips on the Poconos just reach out!